Itron Inc (ITRI) Stock AnalysisITRIStock AnalysisItron Inc

Itron, Inc. provides energy, water, smart city, Industrial Internet of Things (IIoT) and intelligent infrastructure services. The Company's Device Solutions segment primarily includes hardware products used for measurement, control, or sensing that can have communications capability embedded for use with its broader Itron systems, which is hardware-based products. Its Networked Solutions segment primarily includes a combination of communicating devices (smart meters, modules, endpoints, and sensors), network infrastructure, network design services, and associated head-end management and application software designed and sold as a complete solution for acquiring and transporting application-specific data. Its Outcomes segment includes its value-added, enhanced software and services, in which it enables grid edge intelligence and manage, organize, analyze, and interpret raw, anonymized data using artificial intelligence, machine learning, statistical modeling, and other analytics. It operates in the Technology sector (INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & EL industry).

Itron Inc is a good buy right now due to its recent strong earnings report, where it achieved a non-GAAP EPS of $1.59, exceeding expectations of $1.29 by 22.31%. Additionally, the forward P/E ratio is 16.08, which is attractive considering the raised full-year EPS guidance to a midpoint of $6.40. The main risk is the recent 1-year change in stock price, which is down 19.32%, indicating potential volatility.

9 analysts cover ITRI: 5 rate it Buy, 4 Hold and 0 Sell. The average price target is 134.50.